TJK Machinery (Tianjin) Co (SZSE:300823) Debt-to-Equity : 0.01 (As of Mar. 2024)

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What is TJK Machinery (Tianjin) Co Debt-to-Equity?

TJK Machinery (Tianjin) Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥9.2 Mil. TJK Machinery (Tianjin) Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0.0 Mil. TJK Machinery (Tianjin) Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥984.8 Mil. TJK Machinery (Tianjin) Co's debt to equity for the quarter that ended in Mar. 2024 was 0.01.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for TJK Machinery (Tianjin) Co's Debt-to-Equity or its related term are showing as below:

SZSE:300823' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.03 Max: 1.03
Current: 0.01

During the past 12 years, the highest Debt-to-Equity Ratio of TJK Machinery (Tianjin) Co was 1.03. The lowest was 0.01. And the median was 0.03.

SZSE:300823's Debt-to-Equity is ranked better than
99.96% of 2619 companies
in the Industrial Products industry
Industry Median: 0.28 vs SZSE:300823: 0.01

TJK Machinery (Tianjin) Co Debt-to-Equity Historical Data

The historical data trend for TJK Machinery (Tianjin) Co's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

TJK Machinery (Tianjin) Co Debt-to-Equity Chart

TJK Machinery (Tianjin) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.16

0.03

0.02

0.01

TJK Machinery (Tianjin) Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.02	0.02	0.02	0.01	0.01

Competitive Comparison of TJK Machinery (Tianjin) Co's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, TJK Machinery (Tianjin) Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

TJK Machinery (Tianjin) Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, TJK Machinery (Tianjin) Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where TJK Machinery (Tianjin) Co's Debt-to-Equity falls into.

TJK Machinery (Tianjin) Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TJK Machinery (Tianjin) Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(9.24	+	4.62)	/	973.435
	=	0.01

TJK Machinery (Tianjin) Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(9.24	+	0)	/	984.777
	=	0.01

TJK Machinery (Tianjin) Co (SZSE:300823) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

TJK Machinery (Tianjin) Co Debt-to-Equity Related Terms

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TJK Machinery (Tianjin) Co (SZSE:300823) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » TJK Machinery (Tianjin) Co Ltd (SZSE:300823) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7 Wuwei Road, Lugang Logistics Equipment Industrial Park, Beichen District, Tianjin, CHN, 300408

Website

https://www.tjkmachinery.com

TJK Machinery (Tianjin) Co Ltd is engaged in the research and development, design, production and sales of high-end CNC steel bar processing equipment and provides overall solutions for CNC steel bar processing. The company's products are used in high-speed railways, highways, bridges and tunnels, rail transit, underground pipeline corridors, nuclear power, hydropower and other large-scale infrastructure construction and assembly buildings, steel processing and distribution centers and other fields.

TJK Machinery (Tianjin) Co (SZSE:300823) Headlines

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